New Zealand 2 will deal a massive blow to NZ rugby

[Te Kaha]

So two clubs have just gone broke

the article says three more could soon go broke as well

clubs lose an average of over 4 milllion pa but things are sustainable ?

The English premiership doesn't need to make money. Get that through your thick head. It just needs to supply players to England. Rich owners run the clubs. It would suit the RFU down to the ground if the Clubs had to come under RFU control. The RFU is loaded, the money they get from the six nations alone each year would support them running the comp if it came to it. It wont, but it could if it had to.

 

[Wb1234]

I don't know about state of domestic game but if they in a worse place than super league that would be hard to believe

Well if you don’t know why not use google

union received 600 million pounds from private equity too it’s all gone

and those firms get a share of unions revenue forever

 

[Wb1234]

The English premiership doesn't need to make money. Get that through your thick head. It just needs to supply players to England. Rich owners run the clubs. It would suit the RFU down to the ground if the Clubs had to come under RFU control. The RFU is loaded, the money they get from the six nations alone each year would support them running the comp if it came to it. It wont, but it could if it had to.

Why not google rfu finances lol

they literally laid off loads of staff and are struggling

 

[Te Kaha]

Well if you don’t know why not use google

union received 600 million pounds from private equity too it’s all gone

and those firms get a share of unions revenue forever

You have shown time and time again, you really don't understand what private equity is or what it does.

 

[Wb1234]

Lol, you switched tact when I pointed out game of rugby is much bigger than just kiwis. Keep twisting & contorting

Still not making sense bro

I was answering someone’s questions probably not even yours

 

[Wb1234]

You have shown time and time again, you really don't understand what private equity is or what it does.

No they don’t get a percentage of revenue forever lmao

And at least super league clubs were smart enough to say no

 

[Pippen94]

Well if you don’t know why not use google

union received 600 million pounds from private equity too it’s all gone

and those firms get a share of unions revenue forever

Coz I really don't care. Union clubs are privately owned & backed by rich ppl. Super league teams usually local clubs. In UK union has more investment, better sponsorship, bigger broadcast deals & that's ignoring international game which is real engine room.

 

[Wb1234]

Coz I really don't care. Union clubs are privately owned & backed by rich ppl. Super league teams usually local clubs. In UK union has more investment, better sponsorship, bigger broadcast deals & that's ignoring international game which is real engine room.

Well if you don’t care then it’s best you stopped responding

 

[Te Kaha]

Why not google rfu finances lol

they literally laid off loads of staff and are struggling

Why not actually look at the annual reports? Pre covid they were making $100 million pound profits. They will get to that again when this years report is out.

 

[Pippen94]

Still not making sense bro

I was answering someone’s questions probably not even yours

Well if you don’t care then it’s best you stopped responding

Tell me how all blacks disappearing (which won't happen) will destroy international rugby again?! Lol

 

[Te Kaha]

No they don’t get a percentage of revenue forever lmao

And at least super league clubs were smart enough to say no

And they leverage the investment companies size to increase their profits meaning they come out ahead. You really don't understand anything.

 

[Wb1234]

Tell me how all blacks disappearing (which won't happen) will destroy international rugby again?! Lol

For someone who doesn’t care you sure seem to be responding a lot lol

 

[Wb1234]

And they leverage the investment companies size to increase their profits meaning they come out ahead. You really don't understand anything.

So how have profits gone since they took over lol

how did they treat formula one when took it over

selling off a share of your business to cover unsustainable spending is a great way to go broke

 

[Te Kaha]

So how have profits gone since they took over lol

how did they treat formula one when took it over

selling off a share of your business to cover unsustainable spending is a great way to go broke

They haven't taken over you imbecile. And the last three years have been a covid disaster for all sports needing ticket revenue. Even Soccer in England.

Formula one was an example of how not to do it, which is why the contracts are vastly different.

And they are not "selling off a share" of their business. They are selling off a share of a new company, It is no different than any outside investment or putting a company on the share market. And as long as the money is invested in growing the business then it works out beneficial. This is basic economics, did you even finish secondary school?

 

[Wb1234]

They haven't taken over you imbecile. And the last three years have been a covid disaster for all sports needing ticket revenue. Even Soccer in England.

Formula one was an example of how not to do it, which is why the contracts are vastly different.

And they are not "selling off a share" of their business. They are selling off a share of a new company, It is no different than any outside investment or putting a company on the share market. And as long as the money is invested in growing the business then it works out beneficial. This is basic economics, did you even finish secondary school?

CVC seals £365m Six Nations rugby deal

Transaction crucial to buyout group’s plans to become the dominant commercial player in the sport

www.ft.com

600 million quid all gone

but cvc still take their share of revenue forever despite the money being wasted

what a great business model

 

[Pippen94]

For someone who doesn’t care you sure seem to be responding a lot lol

Lol.
Average attendance for this year's six nations was 64k

2022 Six Nations Championship - Wikipedia

en.m.wikipedia.org

Collective population for countries involved 200 million

 

[Te Kaha]

CVC seals £365m Six Nations rugby deal

Transaction crucial to buyout group’s plans to become the dominant commercial player in the sport

www.ft.com

600 million quid all gone

but cvc still take their share of revenue forever despite the money being wasted

what a great business model

See its true, you don't understand basic economics.

The six countries of the six nations formed a new company, which they part sold to cvc. If the deal does not work in the favour of the six nations countries, that new company can go bankrupt and the Six countries lose nothing.

If they deal works out as expected and revenue increases then everybody is happy, except idiots like you.

 

[Wb1234]

See its true, you don't understand basic economics.

The six countries of the six nations formed a new company, which they part sold to cvc. If the deal does not work in the favour of the six nations countries, that new company can go bankrupt and the Six countries lose nothing.

If they deal works out as expected and revenue increases then everybody is happy, except idiots like you.

CVC Wants English Rugby to Clean Up Finances After Club Failures

When CVC Capital Partners announced a £200 million ($227 million) investment into England’s biggest rugby competition in 2018, it was billed as a transformative deal that would help accelerate the league’s growth.

news.bloomberglaw.com

cvc seems unhappy with their investment

 

[Te Kaha]

CVC Wants English Rugby to Clean Up Finances After Club Failures

When CVC Capital Partners announced a £200 million ($227 million) investment into England’s biggest rugby competition in 2018, it was billed as a transformative deal that would help accelerate the league’s growth.

news.bloomberglaw.com

cvc seems unhappy with their investment

Because they don't want to lose their investment, which would happen if the company running the comp went bust. The clubs wouldn't suffer, the RFU wouldn't suffer, just CVC. Perhaps you are beginning to understand investment, limited liability companies and Private Equity now. Then again perhaps not.

 

[Wb1234]

Because they don't want to lose their investment, which would happen if the company running the comp went bust. The clubs wouldn't suffer, the RFU wouldn't suffer, just CVC. Perhaps you are beginning to understand investment, limited liability companies and Private Equity now. Then again perhaps not.

Why would they lose their investment

you just told me above they know all about growing the game

listen I’ll give you a tip since you don’t understand, private equity is a terrible way to try and grow a sport

but as a league fan I’m overjoyed Union did this and you can see already it’s impact